Published on 7/03/2017 1:13:00 PM | Source: Dion Global Solutions Ltd.

Asian Granito jumps over 4% as FII hikes stake

Posted in Stock On The Move | #Stock On The Move #Asian Granito India Ltd. #Ceramics

Shares of Asian Granito India soared over 4 per cent on the Bombay Stock Exchange after the foreign institutional investor (FII) purchased more than 1 per cent stake in company for Rs 12.58 crore through open market transaction. Boosted by the development, shares of company gained as much as 4.26 per cent to hit intra-day high of Rs 287.40 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of company rose 2.09 per cent to Rs 285.45 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 28,996.81, down 51.38 points, or 0.18 per cent, at 11:03 hours.